Daily Note | October 17, 2023 | GOF Gets Gutted. Some Bond Recs.
Summary
Bonds are in the spotlight as rates rise, with tech underperforming and the dollar, VIX, and commodities higher.
Retail sales in the US exceeded expectations, rising 0.7% and adding fuel to the rising rate fire.
JP Morgan maintains a defensive allocation in their model portfolio, adding duration and hedges due to increasing headwinds for markets.
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